Divide distributions in partial liquidation among that part of the stock that is redeemed in the partial liquidation.After the basis of a block of stock is reduced to zero, you must report the part of any later distribution for that block as a capital gain.After the basis of your stock has been reduced to zero, you must report the liquidating distribution as a capital gain.Whether you report the gain as a long-term or short-term capital gain depends on how long you have held the stock.
The essence of an income trust is to pay all of the earnings after all business expenses to the unit holders, who are the owners of the income trust.
Divide distributions in partial liquidation among that part of the stock redeemed in the partial liquidation.
Corporations may not legally deduct the dividend payments before taxes but there is another approach: a corporate structure called an income trust.
Please see page 22 in the following publication under "liquidating distributions": distribution is from several companies, but I can't find the names.
I am dealing with a financial advisor representing a large investment company, and it is very hard to get any information from them. I would determine first if it is long or short term holding period.